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[Official] BitCoin LiteCoin DigitalCoin and all Crypto Currencies Club And General Information Thread - Page 7

post #61 of 22017
Quote:
Originally Posted by Jim888 View Post

so I've read through this whole thread and tried to set it up, I'm not sure what I need to do with the AMD SDK, so I kinda just let that go (I'm thinking thats my problem)

and I'm now trying to run GUI miner and I can find my GPU just the 3570 (actually found this twice) and somethign called "Barts" Which wont connect.

any Ideas?

Edit: and what server should I be using, I saw the chart but what are the benefits of each?

You just install the SDK it installs like an Amd driver.. No restart needed " You cannot mine with out the SDK"

I mine at https://mining.bitcoin.cz/
    
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post #62 of 22017
uh oh...looks like trouble

the thread saying that they have changed their stance on Bitcoin has been deleted:


http://www.overclock.net/t/1398189/

also I'm still not seeing my GPU show up in GUIminer after installing the SDK

also I'm trying to set up litecoin and when I go to "mining it says "litecoin miner failed to start. make sure you have the minerd executable and libraries in the same directory and litecoin-qt"

I'm not sure where I get the "Minerd" executable from

also its asking for a port anyone know what thats suppose to be?
Edited by Jim888 - 6/6/13 at 5:22pm
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post #63 of 22017
Quote:
Originally Posted by drnilly007 View Post

No profanity is about professionality and is one of the TOS to be professional.

I always wondered what all the "data" that is being mined is being used for or what it is exactly?
That info is extremely elusive.

Hackers getting through encryption is my main bet, or the government using it for some sort of research...


The computational power is being used to power the bitcoin network. without miners the network would not exist. Each block includes bitcoin transactions.

goto blockchain.info and watch all the TX's and blocks being mined.. If gives you a better (visual) idea on how it works smile.gif
post #64 of 22017
Quote:
Originally Posted by ForumUserName View Post

The computational power is being used to power the bitcoin network. without miners the network would not exist. Each block includes bitcoin transactions.

goto blockchain.info and watch all the TX's and blocks being mined.. If gives you a better (visual) idea on how it works smile.gif
This brings up the question of how the block chain will continue working once all of the BitCoins are mined up.
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post #65 of 22017
Quote:
Originally Posted by superericla View Post

This brings up the question of how the block chain will continue working once all of the BitCoins are mined up.


People will continue to mine because you also receive transaction fee's from the tx's included with the block.

We will be all dead and gone before all the bitcoins are mined... some time in 2100 tongue.gif
post #66 of 22017
The ASIC USB's are very prevalent on Fleabay. Worth a shot?
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post #67 of 22017
Thread Starter 
Quote:
Originally Posted by drnilly007 View Post

Still explains absolutely nothing about what is being mined. What exactly is being computed?

Transactions are encrypted in blocks, you then decrypt those blocks and earn the reward and transaction fees.
Quote:
Originally Posted by Nomoregoodnames View Post

The ratio of core clock to memory clock is more important than raw speeds. For a 6xxx series card mining LTC, the optimal ratio is under .8 (under .7 for a 7xxx series card). I'm not sure about the ratio for BTC as memory clocks are less important, but it should be similar.

For btc, you can do whatever...mem doesn't affect performance (not noticeably at least)
post #68 of 22017
Are BTC a excepted form of payment in the OCN marketplace now ?
I would be much more interested in receiving btc for payment myself than have to worry about paypal reversal when I sell my hardware to unknown buyers on OCN market place.
 
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post #69 of 22017
Quote:
Originally Posted by Mr.N00bLaR View Post

I thought selling BTC on eBay was against their terms of service? Or maybe it was just Paypal? I forget..

You can sell on Ebay but in a section with Huge fees where it is not worth it....

The ones you see for sell are not in that section... And they will suspend / ban accounts for selling there... Mine was suspended for 3 days doing so.
    
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post #70 of 22017
Thread Starter 
This is a rather interesting guide: https://forum.litecoin.net/index.php?topic=3627.0

Seems like driver version plays a bigger role than I thought.
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